Ness Ziona, Israel, January 20, 2016, Nano Dimension, a leading printing electronics company in the area of 3D printing (TASE: NNDM, OTCQX: NNDMY), announced today that Nano Dimension Technologies, a fully owned subsidiary of Nano Dimension, has signed an agreement with Flextronics International Ltd. to serve as the primary manufacturer and supplier of the DragonFly2020 printer as Nano Dimension prepares to begin the sales process for the innovative printer.
The company's 3D printer enables professionals specializing in the development of electronics to build prototypes of printed circuit boards (PCBs) in a few hours. The company intends to complete the development process in the next several months in preparation for sales in the United States and worldwide.
Amit Dror, CEO of Nano Dimension, commented: "We are proud and pleased to work with Flextronics and we are confident that the company’s high standards, as well as its global reach, will enable Nano Dimension to expedite the process to bring our groundbreaking DragonFly 2020 printer to customers in the U.S. and around the world.”
Rafi Hadad, Business Development Director of Flextronics, added: "We are pleased that Nano Dimension is joining our respected list of leading technology companies that have chosen us as a manufacturer of their unique products. We look forward a fruitful partnership with Nano Dimension as we begin the process of manufacturing its high-end 3D printer."
About Flextronics International
Flextronics International Ltd. is a leading sketch-to-scale solutions company that designs and builds intelligent products for a connected world. With approximately 200,000 professionals across 30 countries and a promise to help make the world Live smarter, the company provides innovative design, engineering, manufacturing, real-time supply chain insight and logistics services to companies of all sizes in various industries and end-markets.
About Nano Dimension
Nano Dimension, founded in 2012, focuses on development of advanced 3D printed electronics systems and advanced additive manufacturing. Nano Dimension's unique products combine three advanced technologies: 3D inkjet, 3D software and nanomaterials. The company's primary products include the first 3D printer dedicated to printing multi-layer PCBs (printed circuit boards) and advanced nanotechnology-based conductive and dielectric inks.
Nano Dimension trades on OTCQX® Best Market in the U.S. and on the TASE in Israel. The Bank of New York Mellon serves as the depositary for Nano Dimension. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Nano Dimension on http://www.otcmarkets.com/stock/NNDMY.
This press release contains forward-looking statements. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. These statements are only predictions based on Nano Dimension’s current expectations and projections about future events. There are important factors that could cause Nano Dimension’s actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include, but are not limited to the impact of general economic conditions, competitive products, product development risk, product demand and market acceptance risks, reliance on key strategic alliances or fluctuations in operating results. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Hayden/ MS-IR LLC